Finance Minister applauds NPP for enabling fiscal electronic device reforms

Finance Minister Dr Cassiel Ato Forson has commended the previous New Patriotic Party (NPP) administration for enacting the legislation that paved the way for the implementation of fiscal electronic devices, describing it as an important legal foundation for ongoing tax reforms.

According to Dr Forson, the introduction of fiscal electronic devices will play a critical role in strengthening tax administration by improving VAT collection, reducing revenue leakages and ensuring businesses properly account for the taxes they collect.

According to the Finance Minister, the Taxation (Use of Fiscal Electronic Device) Act, 2018 (Act 966) established the legal framework required to implement the reform.